LonesomeTheBlue

Breakout Finder

Helo All,

I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.

The options:
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %"
is channel width of the breakout area. calculated using highest/lowest of last 300 bars.
"Minimum Number of Tests" is the minimum number of tests that the Price tried to break the S/R level
and some options for coloring and linestyle

Lets see some examples:

in this example "Minimum Number of Tests" is 2 so the Price must have tested to break resistance area 2 times and then it breaks it as seen in the screenshot:

in following example Threshold rate is %10, so the channel width is very big:

as you can see in followinf screenshot you can choose different colors and line styles:

Alerts added ;)


Enjoy!
Note di rilascio: Fixed.
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

you deliver man
you always do
thanks for your contribution
100 coin
+9 Rispondi
LonesomeTheBlue siddhesh933
@siddhesh933, thanks
+2 Rispondi
Gracias :)
500 coin
+6 Rispondi
LonesomeTheBlue arslanberat
@arslanberat, thank you
+1 Rispondi
Awesome! Idol LTB is always so sendy!!! :-)
500 coin
+3 Rispondi
@Charlie8G,Thank you mate :)
+1 Rispondi
thanks
100 coin
+2 Rispondi
@cksinangin, thanks
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500 coin
+2 Rispondi
@VonnyFX, Thank you
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